The Aerospace Composite Ducting Market to experience an impressive growth to reach US$ 864.7 million in 2024

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aerospace Composite Ducting Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Aerospace Composite Ducting Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/244/aerospace-and-defense-composite-ducting-market.html

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Pressure Type Low & High-Pressure Composite Ducts
Application Type ECS, APU etc.
Aircraft Type Commercial aircraft, military aircraft etc.
Reinforcement Type Glass Fiber Composites & Others composites
Matrix Type Epoxy Composites, Phenolic Composites etc.
by Region North America, Europe, Asia-Pacific, and RoW

The Growth Prognosis & its Drivers
The global aerospace & defense composite ducting market is projected to reach US$ 864.7 million in 2024. Increasing production rates of major aircraft programs, such as A320 family, A350XWB, B737, and B787; upcoming aircraft and introduction of variants of the existing aircraft platforms, such as C919, MC-21, B737 Max, and A320neo; continuous shift from metal ducts to composite ducts to achieve greater fuel efficiency; an advancement in the ducting technology; and growing aircraft fleet size are major growth drivers of the global aerospace & defense composite ducting market.

The Hegemony of Parker Hannifin Corporation.
The key composite ducting manufacturers for the aerospace & defense industry are Senior Aerospace, Triumph Group, ITT Corporation, Parker Hannifin Corporation, Arrowhead Products, AIM Aerospace, and Stelia North America. New product development, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

Table Of Contents: https://www.stratviewresearch.com/toc/244/aerospace-and-defense-composite-ducting-market.html

The undisputed Dominance of the North America
North America is expected to remain the largest market for global aerospace & defense composite ducting over the next five years. This region is the manufacturing hub of the advanced composites industry with the presence of several large- to small-sized part fabricators, prepreggers, and raw material suppliers. Boeing, Bombardier, and Lockheed Martin are major aircraft manufacturers in North America. Asia-Pacific is likely to experience the highest growth during the forecast period, driven by the demand for composite ducting in upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ.

Emerging Trends: Composite ducting is widely preferred in the low-pressure applications
Low-pressure applications currently dominate the global aerospace & defense composite ducting market. Composite ducting is widely preferred in the low-pressure applications throughout the entire breadth of fixed and rotary wing aircraft types and offers several advantages, such as lightweight, an excellent strength, thermal resistance, and ability to mold complex shapes.

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This release was published on openPR.